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Jan 24, 2013
01/13
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strong economic policies including the right to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent. oklahoma, five. new yorkers, pardon me, over 8%. the jersey, nine and a half percent. these metrics matter. the south is ticking new york's but the reid is a culture difference? hello, yes. thank goodness. i thought that is what liberals celebrated, diversity. i guess i probably shouldn't get so upset. after all, he has had this problem. the 40 year-old congressman was censured by the house two years ago after facing charges of 17 years of unpaid taxes on property in the dominican republic and more than 500,000 in undisclosed public assets. crazy. he also was investigated for raising millions from
strong economic policies including the right to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent....
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Jan 24, 2013
01/13
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they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out there and apple hasn't given us anything. neil: we are talking about a lot of advanced products. the new big thing is somethingnw that i may not hear about. >> well, i think the what wenize have to recognize about apple -a i'm not talking about apple tv. i'm talking about the version four. the one where they actually -- let's just work this out for a second. [talking over each other] [talking over each other] >> there is a point in time when you were going to watchady everything, you know, on the internet ready phones. kille tv is a step in that direction. tnk apple killed
they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out...
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Jan 24, 2013
01/13
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i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me what i can do to attract you to texas. we have several states with offices set up in california because we're so vulnerable here. hundreds of companies leave every year. you make a good point about phil mickelson has options. so do a lot of companies. they can go elsewhere and do out of california. melissa: is that story about governor perry true? i heard that before. do governors have hair their own cell phone? >> he does. literally gives cell phone, has one number programmed. call me anytime. tell me what i can do. our leaders are not doing that, they're dismissive about companies leaving. they say it is
i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me...
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Jan 24, 2013
01/13
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. . >> for the latest on the breaksing news, uva satellite campus, we're now being told by virginia state police that it was a false report. the campuswas on lock down for a while. students were told to stay on campus in their rooms because an alleged gunman was on campus but all is clear tonight. >> we'll all be watching this tomorrow manti te'o talks in his first interview since the scandal involving his fake girlfriend. you can hear the full interview tomorrow at 4:00 right here on abc2 news. . >> let's get into it here, the seven-day forecast, cold with a snowy scenario late friday into early saturday and there will be snow first thing in the morning tomorrow. as you look hour by hour, a burst of flurries through about 7:00 a
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. . >> for the latest on the breaksing news, uva satellite campus, we're now being told by virginia state police that it was a...
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Jan 24, 2013
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>> you know, everybody knows that taxes in california are high. but i can tell you, it's a great place to run a business for us. it is the health and wellness mecca of the world. and the clientele, that you can get. and team you can build is fantastic. but i contribute our growth to the fact that we're unique. we're unique in the marketplace because we're the only bar that has we'reo gram zugo, -- zero gram zug
>> you know, everybody knows that taxes in california are high. but i can tell you, it's a great place to run a business for us. it is the health and wellness mecca of the world. and the clientele, that you can get. and team you can build is fantastic. but i contribute our growth to the fact that we're unique. we're unique in the marketplace because we're the only bar that has we'reo gram zugo, -- zero gram zug
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Jan 24, 2013
01/13
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and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your price? and then they just volunteer, either conservative or liberal and pay the extra little bit more and they seem happy to do it. we've only-- we're in a pretty conservative town out here in the oil fields and we've only had a few of them in. we collected $3 and we give the money to the heritage foundation and we don't pocket it we have our tips and the money, good conservative cause and it's seems to have worked out pretty good so far. and people-- although people are pretty excited about it on the internet. >> greta: all right
and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your...
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Jan 24, 2013
01/13
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tax them or take them. >> and surprising views on guns. >> i know how newtown happened. i'm still really, really wrecked over why. >> and talk about upset. serena williams temper tantrum on the court. a big conversation tonight. this is "piers morgan tonight." >>> good evening. apologies for my ridiculous voice. my critics will be thrilled that i have nearly been silenced but i'm still going on it on a positive note, i always wanted to sound like barry white so i'll try to get through this as best i can. inauguration seems like such a long time ago. tonight the country is arguing over everything from guns to weather to hillary clinton. a battle over benghazi, she gave as good as she got. it was an extraordinary moment. listen to this. >> the fact is we had four dead americans. was it because of a protest or because of guys out for a walk one night that decided to go kill americans. what difference at this point does it make? it is our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. >> an emotional hillary clinton
tax them or take them. >> and surprising views on guns. >> i know how newtown happened. i'm still really, really wrecked over why. >> and talk about upset. serena williams temper tantrum on the court. a big conversation tonight. this is "piers morgan tonight." >>> good evening. apologies for my ridiculous voice. my critics will be thrilled that i have nearly been silenced but i'm still going on it on a positive note, i always wanted to sound like barry white...
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Jan 24, 2013
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tax, hidden tax, sales tax, 63 cents of every dollar. the government and if he dies they're going to take the gold out of his teeth. the government is robbing him blind. >> the handy guideline, whenever the government takes the majority of what you make, it's hard to defend that on moral grounds. what's the justification, the practical effects are obvious. i'm a 6th generation californian, i'm in arizona now. half the affluent neighborhoods in this city are occupied by people in california,en you can sniff and say they're unpatriotic, but that's california's problem. you're going to end up with a state no one can pay for the state government. and that's a disaster. >> sean: let me put up on the screen here, and we did background and research, and the american exchange council came up with numbers and that's people moving from states that have the highest taxes and you can see the number is what, 4.2 million people, and then we have people moving to states with the lowest taxes, you can see a transfer, 2.8 million people and then you've g
tax, hidden tax, sales tax, 63 cents of every dollar. the government and if he dies they're going to take the gold out of his teeth. the government is robbing him blind. >> the handy guideline, whenever the government takes the majority of what you make, it's hard to defend that on moral grounds. what's the justification, the practical effects are obvious. i'm a 6th generation californian, i'm in arizona now. half the affluent neighborhoods in this city are occupied by people in...
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Jan 24, 2013
01/13
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they bought shares when they were lower and wanted to take a profit before the higher capital gains taxes kicked in this year. other investors are clearly choosing to exit now competition heating up so it's really becoming a huge factor. there are a lot of quality alternatives out there. you look at the tablet and smartphone arena, carol, it's getting crowded but they still sold 48 million iphones and almost 23 million ipads in the latest quarter. apple sold 12.6 million ipods so keep the finger off the panic button, let's not get too crazy just yet. >> that's wall street, isn't it? panic, panic panic, then don't. thanks so much, alison. >>> fighting words from house speaker john boehner he says president obama is out to annihilate the republican party. do you agree? that's our talk back question today. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ see it on february 3rd. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. y
they bought shares when they were lower and wanted to take a profit before the higher capital gains taxes kicked in this year. other investors are clearly choosing to exit now competition heating up so it's really becoming a huge factor. there are a lot of quality alternatives out there. you look at the tablet and smartphone arena, carol, it's getting crowded but they still sold 48 million iphones and almost 23 million ipads in the latest quarter. apple sold 12.6 million ipods so keep the...
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Jan 24, 2013
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the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the wars? or do you think maybe we could insure maybe another 30 million people? do the path. that would pay for about half of obama care. that would really make the righties happy. think about it. why is it number one, wall street doesn't get prosecuted. number two, they get off scot-free on these transactions. this is an easy thing, and nobody is going to feel it. everything is going to be fine. joining me tonight, david cay johnston, pulitzer prize winning journalist and author of "the fine print." david cay, grit to have you with us. >> good to be here. >> explain what a high speed trade is for thos
the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the...
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Jan 24, 2013
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. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an
. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging...
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Jan 24, 2013
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ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that. they settled claims with a interdrug trial subject. they moved along from that. pfizer here at a 52-week high. pfizer shares hitting this multiyear high on the results of several studies. they have done well with treatments for depression, overactive bladder, quitting smoking. biogen i can't leave out doing well. up 1.3% right now. back to you. tracy:
ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the...
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Jan 24, 2013
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they wanted to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it plunged today, wolf. >> steve jobs died about a year and a half ago. what does all of this say about tim cook's tenure as the apple's ceo? >> it says you know what, you're going to get the blame, tim cook. you're the ceo so the buck stops with you. he saw the blowout of the iphone 4s and took the stocks to greater heights. it was around $375 when he took over. the price almost doubled in tim cook's first year in charge. it peaked in september when iphone 5 came out. since then, the shares have been tumbling. for one, wall street and analysts don't have much confidence that he can deliver like steve
they wanted to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it...
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Jan 24, 2013
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and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these guys were not mad about george w. bush's big spike in spending, buzz they have decided to get really mad at the guy who is fixing that, and that anger is weird enough on its own terms. it's weird enough that this republican analysis of this problem is so divorced from reality. but what today's news reminded us is it's not just the analysis that is weird, it's also the purpose of the analysis, what they are using this cockamamy backwards analysis to justify that is really deeply strange. for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to
and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these...
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Jan 24, 2013
01/13
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CNN
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. >> the same thing happened when you saw potential increasing of taxes on cigarettes. it happened in chicago where you had business groups, the black chamber of commerce, they said, oh, this is going to hurt small businesses but then the argument was, wait a minute, when you look at cancer rates among african-americans, how do you say don't do that when it's affecting african-americans? and so i think the naacp, the new york chapter is going to have to have an explanation because, again, obesity among african-americans is huge. >> well, the explanation is that they'd like to see a more holistic approach, that this is not the way to do it. it's a little bit like your gun debate. like don't do this, do a big picture, you're never going to get the solution. i think there is some merit to that argument. however -- >> also a loophole here. they say that small business owners are affected, convenience stores, but larger stores like -- according to "the new york times," larger stores like 7-eleven would be exempt from soda restrictions because of a court in new york's regulat
. >> the same thing happened when you saw potential increasing of taxes on cigarettes. it happened in chicago where you had business groups, the black chamber of commerce, they said, oh, this is going to hurt small businesses but then the argument was, wait a minute, when you look at cancer rates among african-americans, how do you say don't do that when it's affecting african-americans? and so i think the naacp, the new york chapter is going to have to have an explanation because, again,...
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Jan 24, 2013
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and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i appreciate that. >> people are reading it all over the place. from my standpoint, we're really looking at the greatest threat to our national security is our debt. it has to do with our children and our grandchildren's futures. as i travel wyoming and have telephone town hall meetings, the things that really come up, people are saying i'm not worried for me. i'm worried for my kids and grandk grandkids, and are we still going to have america in the future with this kind of debt? who will we owe our future to? >> senator barrasso, i want to ask you about your piece in this morning's "wall street jour
and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i...